Opinion | Cryptocurrency contagion has yet to infect the wider financial system – The Washington Post

Considering that crypto was supposed to be a world-shaking innovation, a revolutionary paradigm that was going to gut-renovate the world’s archaic payments systems, it’s surprising how little the industry’s ongoing meltdown has mattered.

Of course, it matters a great deal to people who invested in cryptocurrencies that later shed most of their value, or the various crypto companies that are halting withdrawals and defaulting on debt. I feel very sorry for their losses. But so far their suffering hasn’t proved contagious.

Source: Opinion | Cryptocurrency contagion has yet to infect the wider financial system – The Washington Post